A wrinkle on this that is pertinent to appraisers: William, trying to keep Frank happy, placed pressure on the stable of appraisers working for him. The appraisers who played along kept getting assignments; the ones who didn’t were dropped. When the FBI started looking at Frank, and then William, they also started looking at the appraisers. The FBI corralled the appraisers with the other fraudsters, lumping them all in the same fraud ring. Even the appraisers who did not comply with William are under suspicion, until reviewers can show their appraisals were legitimate. Read more..
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